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Wall Street News

Financials Had Tough Week - Cryptos Had Worse Week

No matter how you slice it, the financial markets were trashed throughout the first week of December. And as bad as it was for financial stocks, it was far worse for most of the crypto markets.

One interesting note is that The Goldman Sachs Group is no longer among the '10 largest financial stocks' in the Financialish Stock Index (as measured by market capitalization). Instead, Goldman slipped to #11 after declining 5.7% for the week; CME Group, the new #10 stock, fell only 1.6%.